Copper Foil Giant Londian Wason Prices Upsized IPO at $22/ADS, Raising $94M
Summary
Londian Wason, a global leader in copper foil, priced its upsized initial public offering at $22 per American Depositary Share, raising $94.3 million through the sale of 4.3 million ADSs. The underwriters have a 30-day option to purchase up to an additional 642,857 ADSs at the IPO price. The company expects net proceeds of $87 million from the offering. Trading is set to begin on August 12 on the New York Stock Exchange under the ticker symbol FOIL, and the offering is expected to close on August 13.
Updates
· SEC 424B4 — Trading expected August 17, 2026; underwriters include Cantor, Huatai, CMB International, Tiger, Fortune, BOCOM, VC Brokerage.
This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.